Having great discussions at #IEEEICBC Pisa DePIN workshop today. It was only 944 days ago that @Old_Samster and @Selkis_2028 put the term DePIN out there via Twitter poll- we‘ve come a long way!
While others chase attention with @stayloudio, DePINs just build silently. E.g. @ArweaveEco: ATH #nodes (now >500) ATH endowment ATH revenue in May (token & $) ATL P/S ratio (FDV/ annualized rev.) AND - the Network is profitable (using est. miner cost, YTD numbers)
While others chase attention with @stayloudio, DePINs build silently. E.g. @ArweaveEco: Record #nodes (now >500) Record endowment Record revenue in May (token & $) Record low P/S ratio (FDV/ annualized rev.) AND - the Network is profitable (using est. miner cost, YTD numbers )
Some points on REV/valuations: 1️⃣ Valuation dynamics similar w/ or w/o MEV 2️⃣ BTC: price barely moves with REV SOL: dynamics driven by REV ETH: trying to figure things out in the middle 3️⃣ Peaks of SOL & ETH val's at similar levels of P/S ratio and REV as % of token supply
We @1kxnetwork just released part 3 of our DePIN Tokenomics Series with @tech_metrics and @dylangbane from @MessariCrypto: What Drives Valuations? Let's look into 1️⃣ Revenue 2️⃣ Token liquidity 3️⃣ And more with data from 80 DePINs incl. details on @helium , @ionet, @GEODNET_ , @Hivemapper, @Arkreen, @GlowFND, @Covalent_HQ , @ArweaveEco, @NATIXNetwork, @WeatherXM and more